Tower Research Capital LLC TRC Has $842,000 Position in Stifel Financial Corp. (NYSE:SF)

Tower Research Capital LLC TRC grew its position in Stifel Financial Corp. (NYSE:SF) by 398.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,942 shares of the financial services provider’s stock after purchasing an additional 6,350 shares during the period. Tower Research Capital LLC TRC’s holdings in Stifel Financial were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Stifel Financial by 62.2% during the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after purchasing an additional 41,171 shares in the last quarter. Tidal Investments LLC lifted its stake in Stifel Financial by 13.7% in the third quarter. Tidal Investments LLC now owns 3,877 shares of the financial services provider’s stock valued at $364,000 after buying an additional 467 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Stifel Financial by 9.7% in the third quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider’s stock valued at $4,336,000 after buying an additional 3,887 shares during the period. Versant Capital Management Inc increased its position in shares of Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 397 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

Shares of SF opened at $85.73 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $93.19 and its 200 day simple moving average is $103.87. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 13.74 and a beta of 1.00.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($1.12). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. On average, research analysts forecast that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.46 dividend. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 2.15%. Stifel Financial’s dividend payout ratio is currently 29.49%.

Analysts Set New Price Targets

A number of research firms have issued reports on SF. JMP Securities lowered their target price on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Citigroup reduced their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $105.50.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.